Author Archives: edwardkanawu

Ghana’s total debt stock currently stands at GH¢450 billion in 2022 – Ofori-Atta

Minister of Finance, Ken Ofori-Atta, has said the country’s total debt stock currently stands at GH¢450 billion in 2022 from a total of GH¢120 billion in 2017. This represents about GH¢300 billion in borrowing since the Akufo-Addo government came into office in January 2017. Ken Ofori-Atta appearing before the ad-hoc committee probing a censure motion filed against him by the Minority ...

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Who is Prof Adu Boahen, Charles Adu Boahen’s father?

Prof Albert Adu Boahen Former Minister of State in charge of finance’s alleged actions in the ‘Galamsey Economy’ exposé by investigative journalist, Anas Aremeyaw Anas, is said to have been an embarrassment to his family particularly his father, Prof Albert Adu Boahen. Speaking during his appearance at the ad hoc committee hearing on a vote of censure motion against him, on Friday, ...

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FULL TEXT: Ken Ofori-Atta’s response to censure motion

The Minister for Finance, Ken Ofori-Atta, on Friday, November 18, 2022, appeared before an 8-member committee ad hoc committee of Parliament hearing a vote of censure motion against him. The minister as part of his appearance gave a response to five out of the 7 grounds levelled against him by the minority in parliament who are the proponents of the motion. Mr Ken ...

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National Cathedral: You got it all confused – Ofori-Atta to minority on Contingency Fund, Contingency Vote

  Finance Minister, Ken Ofori-Atta Embattled Finance Minister Ken Ofori-Atta has observed that the minority in parliament, who have filed a motion of censure against him on seven grounds, one of which is that he unconstitutionally withdrew money from the consolidated fund toward the construction of the national cathedral, seem confused over the processes he used in securing the funds ...

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LIVESTREAMING: Ken Ofori-Atta appears before ad-hoc committee

Finance Minister Ken Ofori-Atta, will appear before the eight-member ad-hoc committee of Parliament probing a censure motion against him today, November 18, 2022. On Tuesday, November 15, 2022, Ofori-Atta’s lawyer, Gabby Asare Otchere-Darko, requested that the committee give his client 48 hours to analyze the reports from its first meeting. The censure motion was filed by the minority in Parliament against Ken Ofori-Atta. They made seven ...

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Western Region gets 4 ports – Regional Minister

Western Regional Minister, Kwabena Okyere Darko-Mensah The Western Regional Minister, Kwabena Okyere Darko-Mensah has heaped praises on President Akufo-Addo for the massive development of port infrastructure in his region. According to the Regional Minister, the construction of the ports is opening the region up to several economic opportunities and creating more job opportunities for the teeming youth of the region. ...

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The boys are ready for the World Cup – Salisu assures Ghanaians

  Black Stars defender, Mohammed Salisu Black Stars defender Mohammed Salisu has assured Ghanaians that the team is very well prepared for the 2022 FIFA World Cup in Qatar. The Black Stars defeated Switzerland by 2-0 in their final friendly match which was played on Thursday, November 17, 2022. Salisu, who scored one of the game’s goals with a fine header, said he was inspired ...

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BoG withdraws FX support for importation of rice, poultry, cooking oil, toothpick, other items

The Bank of Ghana has withdrawn forex support to banks for the importation of certain items classified as non-critical, as part of measures to fight the depreciation of the Ghana cedi in line with a directive by President Nana Akufo-Addo to that effect. The new policy came into effect three weeks ago. An electronic message from the Bank of Ghana to the banks ...

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BoG withdraws foreign exchange support for importation of rice, vegetable oils, others

The Bank of Ghana has withdrawn foreign exchange support to customers for the importation of certain non-critical or essential goods. Joy Business however understands that the withdrawal of the FX support for the importation of these non-essential goods took effect in the past three weeks. The goods affected include rice, poultry, vegetable oils, toothpicks, pasta, fruit juice, bottled water and ...

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PIAC insists paying $100m oil money into ‘safe haven’ account instead of PHF ‘contrary to law

The Public Interest Accountability Committee (PIAC) insists some $100 million of Ghana’s petroleum receipts that were paid into a different account other than the petroleum holding fund, flouted the laws of Ghana. Appearing before the ad hoc parliamentary committee robing conflict of interest and reckless economic mismanagement allegations against Finance Minister Ken Ofori-Atta, PIAC Vice Chair Abdul Nasir Alfa Mohammed ...

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